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Screener / SEC EDGAR /CIK 0001418121 /10-K filed Feb 23, 2026, compared with Feb 24, 2025 /Numbers from the XBRL of the 10-Ks
Real estate peers:
GLPIREGBRXAPLECPTELS
NYSE Real estate · REIT

Apple Hospitality REIT, Inc. APLE

APLE quote by TradingView

The Company, formed in November 2007 as a Virginia corporation, is a self-advised REIT that invests in income-producing real estate, primarily in the lodging sector, in the United States (“U.S.”). 10-K, Item 1

Headquarters
Richmond, VA
CEO
Justin G. Knight
Next results
around Feb 22, 2027
Compare with peers Embed

Where each dollar of revenue went, FY2025

Revenue of $1.4B through the costs to a net profit of $175.4M · income statement of the 10-K

18% operating margin
Revenue to Gross profit: $565.1MRevenue to Cost of revenue: $847.3MGross profit to Operating profit: $257.8MGross profit to Operating expenses: $307.3MOperating profit to Net profit: $175.4MOperating profit to Tax & other: $82.4M Revenue: $1.4B REVENUE $1.4B −1% Y/Y Gross profit: $565.1M · 40% margin GROSS PROFIT $565.1M 40% margin Cost of revenue: $847.3M · 60% of revenue COST OF REVENUE $847.3M 60% of revenue Operating profit: $257.8M · 18% margin OPERATING PROFIT $257.8M 18% margin · −12% Y/Y Operating expenses: $307.3M · 22% of revenue OPERATING EXPENSES $307.3M 22% of revenue Net profit: $175.4M · 12% margin NET PROFIT $175.4M 12% margin · −18% Y/Y Tax & other: $82.4M · 6% of revenue TAX & OTHER $82.4M 6% of revenue
Gross profit $565.1M 40% margin
Operating profit $257.8M 18% margin · −12% Y/Y
Net profit $175.4M 12% margin · −18% Y/Y
The full income statement, year by year

APLE among Real estate peers

Six ratios from the latest 10-K. Each corner is the share of 89 peers the company is above, not a score.

Compare
Revenue growth: -1.3%, above 17% of 88 peers (their median 6.2%) REVENUE GROWTH -1.3% · above 17% Gross margin: 40.7%, above 32% of 19 peers (their median 59.1%) GROSS MARGIN 40.7% · above 32% Operating margin: 18.3%, above 30% of 46 peers (their median 32.3%) OPERATING MARGIN 18.3% · above 30% Net margin: 12.6%, above 42% of 89 peers (their median 20.1%) NET MARGIN 12.6% · above 42% FCF margin: 20.4%, above 64% of 28 peers (their median 11.9%) FCF MARGIN 20.4% · above 64% Return on capital: 5.5%, above 38% of 26 peers (their median 7.2%) RETURN ON CAPITAL 5.5% · above 38%
APLE Peer median Below the median

What changed

4 new risk paragraphs. 10-K filed Feb 23, 2026 against Feb 24, 2025.

Risk factors
4 new paragraphs, nothing like them in the previous 10-K
10-K Item 1A
Accounting checks
9 other checks clear
10-K · XBRL
Insiders
No open-market buys in the last 90 days
Form 4
Filings
3 in the last 30 days
EDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

Accounting checks

9 checks on the latest 10-K. Checks, not verdicts.

How it works

0facts worth reading about all 9 checks found nothing to note

  • Cash from operations $370.2M vs net income $175.4M (FY ending Dec 31, 2025)
  • Same auditor in both 10-Ks: KPMG LLP
  • No statement of substantial doubt about going concern
6 more checks with nothing to note
  • No 8-K item 4.02 in the last 2 years
  • No NT 10-K or NT 10-Q in the last 2 years
  • The same matters as last year: Evaluation of investments in hotel properties for impairment
  • No sentence in the 10-K concludes that controls were not effective because of a material weakness
  • No 8-K item 2.06 in the last 2 years
  • No 8-K item 1.03 in the last 2 years

In their words

4 paragraphs in Risk Factors that were not in the 10-K filed Feb 24, 2025. Quoted as filed.

All 4 new paragraphs
  1. Item 1A · new paragraph · not in the 10-K filed Feb 24, 2025 10-K, ITEM 1A
    In the conduct of its business, both the Company and its hotel managers and franchisors rely on relationships with third parties, including cloud data storage and other information technology service providers, suppliers, distributors, contractors and other external business partners, for certain functions or for services in support of…

New risk paragraphs, against peers

Latest 10-K of each, Real estate companies closest in revenue

Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.

Financial performance

Last 4 fiscal years · 10-K XBRL

All years
MetricFY2022FY2023FY2024FY2025
Revenue$1.2B$1.3B$1.4B$1.4B
Net income$144.8M$177.5M$214.1M$175.4M
Operating cash flow$368.4M$399.0M$405.4M$370.2M
Free cash flow$322.2M$327.1M$282.0M

Revenue, FY2016 to FY2025

Ten fiscal years, each from its own 10-K · XBRL · USD

$1.4B ▼ 1.3% in FY2025

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Every number, year by year

Recent filings

3 filings in the last 30 days · SEC EDGAR

All filings

About the company

Apple Hospitality REIT, Inc., Richmond, VA · from the 10-K filed Feb 23, 2026

The Company, formed in November 2007 as a Virginia corporation, is a self-advised REIT that invests in income-producing real estate, primarily in the lodging sector, in the United States (“U.S.”). The Company has elected to be treated as a REIT for U.S. federal income tax purposes. As of December 31, 2025, the Company owned 217 hotels with an aggregate of 29,583 guest rooms located in urban, high-end suburban and developing markets throughout 37 states and the District of Columbia (“D.C.”) and substantially all of the Company’s hotels operated under Marriott or Hilton brands.

Headquarters
Richmond, VA
Country
United States
Reports in
USD
Listed on
NYSE
Fiscal year ends
December 31
Last results
Nov 5, 2026
Incorporated in
VA

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Sources

The 10-K filed Feb 23, 2026 (open at SEC), compared with the 10-K filed Feb 24, 2025. Numbers from the XBRL of the 10-Ks; filings from SEC EDGAR.

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